Investing.com - PPG Industries reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PPG Industries announced earnings per share of $1.69 on revenue of $4.37B. Analysts polled by Investing.com anticipated EPS of $1.59 on revenue of $4.26B.
PPG Industries shares are up 11% from the beginning of the year and are trading at $158.20 , down-from-52-week-high.They are under-performing the S&P 500 which is up 20.81% from the start of the year.
PPG Industries shares lost 1.39% in after-hours trade the report.
PPG Industries follows other major Basic Materials sector earnings this month
PPG Industries's report follows an earnings missed by Akzo Nobel ADR on Wednesday, who reported EPS of $0.3611 on revenue of $2.81B, compared to forecasts EPS of $0.3829 on revenue of $2.95B.
Stora Enso Oyj PK had beat expectations on Wednesday with third quarter EPS of $0.431 on revenue of $3B, compared to forecast for EPS of $0.3883 on revenue of $2.89B.
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